Iron and Cars Bring State of Minas, Brazil, Record Exports

The state of Minas Gerais, in southeastern Brazil, exported the equivalent to US$ 1.49 billion in July. This record value is 31.9% greater than the total registered in the month of July 2005.

In the accumulated result for the year, exports from the state of Minas Gerais generated US$ 8.44 billion, 12.6% more than in the first seven months of last year and also a record for the period. These figures were disclosed yesterday (01) by the state government.

According to a statement published by the government of Minas Gerais, the state’s participation in Brazilian exports as a whole reached 11.3%. Still in the first half, the products that were most prominent in the state’s sales were iron ore, vehicles, iron laminates, iron alloys and pulp.

According to the statement, products considered "non traditional" in the trade balance of the state of Minas Gerais also presented a good performance, like toys and games, drinks, milk and dairy products, chocolate, hospital furniture and meats.

In the area of agribusiness, apart from meats, pulp and milk, prominent products include wood, soy and soy oil. Coffee, however, is the main agricultural product exported by Minas Gerais, although sales dropped a little when compared to last year.

The state’s imports, in turn, reached US$ 517.38 million in July. In the first seven months of the year, foreign purchases totalled US$ 2.59 billion, an increase of 21.3% when compared to the same period in 2005. The surplus in the trade balance was US$ 5.85 billion between January and July, 23.26% of the national total.

Anba

Tags:

You May Also Like

Brazil Fears Many Soybean Growers Will Be Ruined

A study by the Applied Economic Research Institute (Ipea) shows that the amount of ...

The Centenary Secret Is Out: Brazil’s Wine Is a Head-Turner

Not too long ago, the words Brazilian and wine would hardly be out together ...

US Ambassador to Brazil Held Hostage to Republican Senator’s Intransigence

Nine months after President Barack Obama took office, Washington still lacks two of its ...

Bolivian president Evo Morales

Oil: Brazil Wants US$ 200 Million from Bolivia and Threatens Going to Court

Bolivia's government-owned energy company YPFB took control on Wednesday, May 02, of the country's ...

For Brazil the Paraguayan-Brazilian Row Over Itaipu Is Just Political

According to Brazilian president's international affairs advisor, Marco Aurélio Garcia, differences between Brazil and ...

Sugarcane is cut many times by slave labor

Brazil Accused of Getting Biofuel with Slave Labor

Producing fuels from sugarcane, castor bean, and soybeans – the so-called biofuels – is ...

Brazil's CVRD

Brazilian Multinationals Want a Bigger Share of the World Market

The Brazilian companies are taking up better and better positions in the list of ...

Tourists in Brazil Will Have Lessons on Typical Fruit

The Brazilian Fruit Institute (Ibraf) and the Brazilian Export Promotion Agency (Apex) established a ...

Brazilian Supermarkets Have Anemic Sales Growth

Supermarket sales in Brazil rose 0.66% in 2005, reports the Brazilian Supermarket Association (Associação ...

Herb-based Drug for Muscular Pain Approved in Brazil

A native plant known as maria-milagrosa (miraculous Mary) is the base of a new ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`